STOCK TITAN

[Form 3] Satellogic Inc. Initial Statement of Beneficial Ownership

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
3

Brandon Lutnick filed an initial Form 3 reporting indirect beneficial ownership of 13,380,873 shares of Class A common stock of Satellogic Inc. (SATL) as of 10/06/2025. The position arises from a closing purchase of voting shares of CF Group Management, Inc. that gives Lutnick control through trusts and related entities. The filing shows 533,333 warrants exercisable into Class A shares at a $8.63 exercise price through 01/25/2027. Up to 1,863,696 of the Class A shares are subject to forfeiture based on vesting and earn-out targets.

Brandon Lutnick ha presentato un initial Form 3 che riporta la proprietà utile indiretta di 13.380.873 azioni ordinarie di Classe A di Satellogic Inc. (SATL) al 10/06/2025. La posizione deriva dall'acquisto finale di azioni votanti di CF Group Management, Inc. che conferisce a Lutnick il controllo tramite trust e entità correlate. Il deposito mostra 533.333 warrant exercisable in azioni di Classe A a un prezzo di esercizio di $8.63 entro 01/25/2027. Fino a 1.863.696 delle azioni di Classe A sono soggette a perdita di diritto in base a vesting e obiettivi di earn-out.

Brandon Lutnick presentó un Formulario 3 inicial reportando la titularidad beneficiosa indirecta de 13.380.873 acciones ordinarias de Clase A de Satellogic Inc. (SATL) al 10/06/2025. La posición surge de una compra de cierre de acciones con derecho a voto de CF Group Management, Inc. que otorga a Lutnick el control a través de fideicomisos y entidades relacionadas. El filing muestra 533.333 warrants exercibles en acciones de Clase A a un precio de ejercicio de $8.63 hasta 01/25/2027. Hasta 1.863.696 de las acciones de Clase A están sujetas a pérdida de derecho basada en vesting y objetivos de earn-out.

Brandon Lutnick가 2025년 10/06/2025 현재 Satellogic Inc. (SATL)Class A 보통주 13380873주에 대한 간접 유익한 소유를 보고하는 초기 Form 3를 제출했습니다. 이 포지션은 CF Group Management, Inc.의 의결권 주식을 매수함으로써 신탁 및 관련 자회를 통해 Lutnick이 지배권을 얻은 것에서 비롯됩니다. 신고서에는 533,333주의 워런트가 $8.63의 행사가격으로 Class A 주식으로 전환 가능하며 01/25/2027까지 행사 가능하다고 표시됩니다. 1,863,696주의 Class A 주식은 vesting 및 earn-out 목표에 따라 몰수될 수 있습니다.

Brandon Lutnick a déposé un formulaire 3 initial rapportant une titularisation bénéficiaire indirecte de 13 380 873 actions ordinaires de Classe A de Satellogic Inc. (SATL) au 10/06/2025. La position résulte d'un achat de clôture d'actions votantes de CF Group Management, Inc. qui confère à Lutnick le contrôle par des fiducies et entités associées. Le dépôt indique 533 333 warrants exerçables en actions de Classe A à un prix d'exercice de $8,63 jusqu'au 01/25/2027. Jusqu'à 1 863 696 actions de Classe A sont sujettes à la forclusion en fonction des cibles de vesting et dearn-out.

Brandon Lutnick hat ein初 Form 3 eingereicht, das indirekte wirtschaftliche Eigentumsanteile von 13.380.873 Aktien der Klasse A von Satellogic Inc. (SATL) zum 10/06/2025 angibt. Die Position ergibt sich aus einem Abschlusskauf stimmberechtigter Aktien von CF Group Management, Inc., der Lutnick über Treuhand- und damit verbundene Einheiten Kontrolle gibt. Die Einreichung zeigt 533.333 Warrants, die in Klasse-A-Aktien zu einem Ausübungspreis von $8,63 bis zum 01/25/2027 wandelbar sind. Bis zu 1.863.696 der Klasse-A-Aktien unterliegen dem Verlust durch Vesting und Earn-out-Ziele.

Brandon Lutnick قد قدّم نموذج Form 3 ابتدائي يفي بإظهار الملكية الفعليّة غير المباشرة لـ 13,380,873 سهماً عاديّاً من الفئة A في Satellogic Inc. (SATL) اعتباراً من 10/06/2025. تنشأ الوضعية من شراء إغلاق لأسهم صوتية من CF Group Management, Inc. يمنح Lutnick السيطرة من خلال الأوقاف والكيانات ذات الصلة. يُظهر الملف وجود 533,333 وارنـت قابلة للممارسة في أسهم الفئة A بسعر ممارسة قدره $8.63 حتى 01/25/2027. حتى 1,863,696 من أسهم الفئة A خاضعة للإسقاط بناءً على أهداف الاستحقاق والEarn-out.

Brandon Lutnick 已提交初始表格3,报告截至 10/06/2025Satellogic Inc. (SATL) Class A 普通股的间接实际受益所有权为 13,380,873 股。该头寸源自对 CF Group Management, Inc. 的有投票权股份的收盘购买,通过信托及相关实体实现 Lutnick 的控制权。该申报指出有 533,333 股权证可在 $8.63 行使价格下兑换成 Class A 股,截止到 01/25/2027。多达 1,863,696 股 Class A 股可能因归属 vesting 与 earn-out 目标而被没收。

Positive
  • Acquisition of CFGM voting shares completed, giving Lutnick trustee control of the managing partner
  • Indirect beneficial ownership of 13,380,873 Class A shares reported, indicating substantial economic/voting exposure
  • 533,333 warrants exercisable into Class A shares at $8.63 through 01/25/2027
Negative
  • Up to 1,863,696 Class A shares are subject to forfeiture tied to vesting and earn-out targets, which may reduce the effective share count

Insights

Control transfer increases Lutnick's indirect stake and voting influence.

The transaction closed on 10/06/2025 shows Lutnick acquired voting control of CF Group Management, Inc. through trusts, making him trustee with decision-making authority and creating indirect beneficial ownership of 13,380,873 Class A shares held across CFAC, CF&Co. and CFS.

This structure concentrates voting power in a small set of affiliated entities; the filing also discloses 533,333 warrants exercisable at $8.63 through 01/25/2027 and that 1,863,696 shares may be forfeited if earn-out/vesting targets are not met. Monitor near-term vesting or earn-out milestones and any filings that clarify voting agreements or additional changes to ownership.

Brandon Lutnick ha presentato un initial Form 3 che riporta la proprietà utile indiretta di 13.380.873 azioni ordinarie di Classe A di Satellogic Inc. (SATL) al 10/06/2025. La posizione deriva dall'acquisto finale di azioni votanti di CF Group Management, Inc. che conferisce a Lutnick il controllo tramite trust e entità correlate. Il deposito mostra 533.333 warrant exercisable in azioni di Classe A a un prezzo di esercizio di $8.63 entro 01/25/2027. Fino a 1.863.696 delle azioni di Classe A sono soggette a perdita di diritto in base a vesting e obiettivi di earn-out.

Brandon Lutnick presentó un Formulario 3 inicial reportando la titularidad beneficiosa indirecta de 13.380.873 acciones ordinarias de Clase A de Satellogic Inc. (SATL) al 10/06/2025. La posición surge de una compra de cierre de acciones con derecho a voto de CF Group Management, Inc. que otorga a Lutnick el control a través de fideicomisos y entidades relacionadas. El filing muestra 533.333 warrants exercibles en acciones de Clase A a un precio de ejercicio de $8.63 hasta 01/25/2027. Hasta 1.863.696 de las acciones de Clase A están sujetas a pérdida de derecho basada en vesting y objetivos de earn-out.

Brandon Lutnick가 2025년 10/06/2025 현재 Satellogic Inc. (SATL)Class A 보통주 13380873주에 대한 간접 유익한 소유를 보고하는 초기 Form 3를 제출했습니다. 이 포지션은 CF Group Management, Inc.의 의결권 주식을 매수함으로써 신탁 및 관련 자회를 통해 Lutnick이 지배권을 얻은 것에서 비롯됩니다. 신고서에는 533,333주의 워런트가 $8.63의 행사가격으로 Class A 주식으로 전환 가능하며 01/25/2027까지 행사 가능하다고 표시됩니다. 1,863,696주의 Class A 주식은 vesting 및 earn-out 목표에 따라 몰수될 수 있습니다.

Brandon Lutnick a déposé un formulaire 3 initial rapportant une titularisation bénéficiaire indirecte de 13 380 873 actions ordinaires de Classe A de Satellogic Inc. (SATL) au 10/06/2025. La position résulte d'un achat de clôture d'actions votantes de CF Group Management, Inc. qui confère à Lutnick le contrôle par des fiducies et entités associées. Le dépôt indique 533 333 warrants exerçables en actions de Classe A à un prix d'exercice de $8,63 jusqu'au 01/25/2027. Jusqu'à 1 863 696 actions de Classe A sont sujettes à la forclusion en fonction des cibles de vesting et dearn-out.

Brandon Lutnick hat ein初 Form 3 eingereicht, das indirekte wirtschaftliche Eigentumsanteile von 13.380.873 Aktien der Klasse A von Satellogic Inc. (SATL) zum 10/06/2025 angibt. Die Position ergibt sich aus einem Abschlusskauf stimmberechtigter Aktien von CF Group Management, Inc., der Lutnick über Treuhand- und damit verbundene Einheiten Kontrolle gibt. Die Einreichung zeigt 533.333 Warrants, die in Klasse-A-Aktien zu einem Ausübungspreis von $8,63 bis zum 01/25/2027 wandelbar sind. Bis zu 1.863.696 der Klasse-A-Aktien unterliegen dem Verlust durch Vesting und Earn-out-Ziele.

SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Lutnick Brandon

(Last) (First) (Middle)
110 EAST 59TH STREET

(Street)
NEW YORK NY 10022

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
10/06/2025
3. Issuer Name and Ticker or Trading Symbol
Satellogic Inc. [ SATL ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A common stock 13,380,873 I See Footnote(1)(2)(3)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants 02/25/2022 01/25/2027 Class A common stock 533,333 $8.63 I See Footnote(1)(2)(3)
Explanation of Responses:
1. On October 6, 2025, the reporting person, through trusts for which he is trustee with decision making control, closed the purchase of all of the voting shares of CF Group Management, Inc. ("CFGM"), which is the managing general partner of Cantor Fitzgerald, L.P. ("CFLP"), from Howard W. Lutnick. CFLP is the sole member of CFAC Holdings V, LLC ("CFAC") and the indirect holder of a majority of the equity interests of Cantor Fitzgerald & Co. ("CF&Co.") and Cantor Fitzgerald Securities ("CFS").
2. CFAC directly owns (a) 10,488,738 shares of Class A common stock (including up to 1,863,696 shares of Class A common stock that are subject to forfeiture based on vesting and earn-out targets) and (b) 533,333 shares of Class A common stock underlying an equal number of warrants to purchase shares of Class A common stock which are exercisable within 60 days. CF&Co. directly owns 2,078,064 shares of Class A common stock. CFS directly owns 814,071 shares of Class A common stock and may be deemed to beneficially own the 2,078,064 shares of Class A common stock directly owned by CF&Co. Following the closing of the transaction, the reporting person may be deemed to have beneficial ownership of the shares of Class A common stock held by CFAC, CF&Co. and CFS. The aggregate purchase price of the voting shares of CFGM was $200,000.
3. CFAC, CF&Co. and CFS are the record holders of the shares reported herein. CFLP is the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS. CFGM is the managing general partner of CFLP. The reporting person is the Chairman and Chief Executive Officer of CFAC, CFLP and CFGM and also the trustee with decision making control of trusts that hold all of the voting shares of CFGM. The reporting person disclaims beneficial ownership of all securities held by CFAC, CF&Co. and CFS in excess of his pecuniary interest, if any, and this report shall not be deemed an admission that he was the beneficial owner of, or had pecuniary interest in, any such excess securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
/s/ Brandon Lutnick 10/06/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Brandon Lutnick report on the Form 3 for SATL?

The report discloses indirect beneficial ownership of 13,380,873 Class A shares and 533,333 warrants exercisable at $8.63 through 01/25/2027 as of 10/06/2025.

How did Lutnick acquire the reported position in SATL?

He closed the purchase of voting shares of CF Group Management, Inc., gaining control through trusts for which he is trustee, which makes him an indirect holder of shares held by CFAC, CF&Co. and CFS.

Are any of the reported shares subject to forfeiture or vesting conditions?

Yes, up to 1,863,696 Class A shares are subject to forfeiture based on vesting and earn-out targets.

Do the warrants reported have an exercise price and expiration?

Yes, 533,333 warrants are exercisable into Class A common stock at $8.63 and expire on 01/25/2027.

Does Lutnick claim direct ownership of the shares held by affiliated entities?

The filing states he disclaims beneficial ownership of securities held by CFAC, CF&Co. and CFS beyond any pecuniary interest and limits the report to indirect beneficial ownership through his control roles.
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